[IIoiSE  OF  Representatives — Secret  Session.] 


MR.  CHILTON^S  AMENDMENT:; 

To  the  bill  of  the  Commit^ e'\ 
■    Strike  out  of  the  hill  of  the  Com  nitteo  the  first,  se.^on-.l,  third  nn.l 
fourth  sections,  and  insert  in  lieu  thereof: 

1  SEC-rtoN  1.  That  all  treasury  n>te^   :i')ove   nnl    inclulin;5   tho 

2  deDOiuination  of  five  dul'ars,  not  leaiii.g  interest,  is'  ued  laforo 

3  the  2d  day  of  April,  1803,  shall,  until  the  dny  of  , 

4  ISG'l,  be  fundable  in  bond^  b  suing  iri'crc^t  at  the  rate  of  four 

5  per  centum;  and  all  interest-bearing  notes,  issued   as   aforesaid, 

6  shall  be  fundable  by  the  time  aforesaid  in  bonds  bearing  the  same 

7  rate  of  interest  and  payable  at  the  same  time  with  said  notes,  or 

8  if  the  holders  prefer  it,  they  may,  by  the  time  aforesaid,  fund 

9  said  notes  in  four  per  cent,  bonds,  having  the  same  time  to  run 

10  as  the  bonds  into  which  other  treasury  notes  arc  fanJablc,  as  is 

11  proNided  by  the  ninth  section  of  this  act;  smd  all   notes  above 

12  and  including  the  denomination  of  five  doll  irs,  issued   since  the 

13  second  day  of  April,  I8G3,  ^h;'ll  bo  f  MidiMe  in  the  niiinner  and 

14  within  the  limes  prescribed   by  ih<'   rc^p^•'  tlvn   acts  of  Congrcsa 

15  rcgulatirg  and  pruvidiiig  for  their  iasuo,  and  when   tbcixi^ting 
IC  law  has  failed  to  prct-cribc  the  manner  or  time  within  which  such 


17  trraasury  hotos  may  be  funded,  then  such   notes  shall   be  funda- 

18  blc  in  bonds  bearing  four  per  cent,  interest  per  annum  until  the 

19  said  day  of  ,  18G4,  and  all  call  loan  certiBcates 
2;i  wliii.li  arc  convertible  into  notes,  shall  be  fundable  in  the  samo 
21  maiiiii  r  a><  the  notes  intoAvhch  they  aie  cunvcrtilde  :  Fntvided, 
21  That  ihe  holders  of  treasury  notes  of  all  dcsciiptions  shall  have 

23  the  piivilege,  by  the  time  ufoiesaid,  of  funding  the  same  in  four 

24  per  cent   bonds. 

(  1  Skc.  2.    For  ihe   purpose   of  maintaing    the   plighted  faith  of 

2  the  Government  in  the  ultimate  reden  ption   and  payment  of  its 

3  pecuniary  obligations,  and  to  enable  it  to  achieye  its  independ- 

4  cnce,  a  tax  of  per  cent,  fchall  be  levied  and  collected  upon 

5  all  treasury  notes  above   the  denomination  of  five  dollars  that 
^  C  may  be  outstanding  on  theday           of           next,  and  the  holdera 

7  of  said  notes  shall  present  them  at  such  time  and  under  such  regu- 

8  lations  as  may  be  prescribed  by  the  Secretary  of  the  Treasury, 

9  to  agents  to  be  appointed  by  the  said  Secretary,  in  the  respec- 
IH  tive  districts  in  which   such  holders  may  reside,  and  the  said 

11  agents,  respectively,  shall  deduct   the  amount  of  said  tax  from 

12  the  amount  of  said  notes,  and  shall,  by  such  mark  or  designation 

13  as  the  Secretary  of  the  Treasury  may  prescribe  to  be  affixed  or 

14  Stan. J  (d  upon  each   note  lelurned  to  the  holder,  show  that  said 

15  note  has  j  aid   its  propoition  of  said  tax,  and  all  such  notes  as 

16  fcball  not  be  maikcd  or  designated  as  aforesaid,  by  the  day 


6  _r 

17  of  next,  shall  be  forfeited  to   th«  Confederate  States  an<l 

18  held  entirely  null  and  void  for  failure  to  pay  such  tax. 

1  Sec.  3.  All  call  loan  certificates  which  shall  be  outstanding  on 

2  the  paid  day  of  Bcxt,  thull  bo  produced,  taxed, 

3  maiked  or  designated  in  the  fame  mai.ncraud  to  the  same  extent 

4  that  is  provided  by  the  foregoing  section  for  the  notes  into  which 

5  they  are  convertible. 

Stiike  out  in  the  fourth  line  of  sixth  section  the  words  "they  shall 
be  cxtnipt  from  all  taxation." 

Also  siiike  out  in  the  fou)th,  fifth  and  sixth  lines  of  the  seventh 
section  these  words :  "The  principal  and  interest  thereon  shall  be 
forever  free  from  all  taxation." 

Strike  out  all  cf  the  tenth  section  doAVn  to  the  words  "shall  be," 
iu  the  fourth  line,  and  insert,  "  The  bonds  authorized  by  this  act  shall 
be  registered  bonds,  and" 

In  the  second  line  of  section  twelve,  insert  after  the  words  receiv- 
ing, the  words  "and  taxing."  Strike  cut  the  words  "and  fourth," 
in  the  third  line  of  said  section,  and  all  of  the  section  after  the  word 
"  kind,"  in  the  fifth  line. 

Insert  the  words  "  and  agents  "  in  the  second  line  of  the  thirteenth 
section. 


